Introduction to an Online MBA

After the economic shock of the last few years, things are looking up for business school graduates, according to some recent employer surveys.

More than 40% of traditional MBA programs offer their programs online. Online MBA programs can be completed either full-time or part-time, making them especially convenient for working professionals.

MBA candidates, whether online or on-campus, can tailor their degree to a number of business areas, including:

Finance

Marketing

Human Resources

International Business

Real Estate

Accounting

How an Online MBA Works

An online MBA is a great option for someone with a full-time job, travel commitments, or a busy family life. Studying online provides the same quality education with the flexibility of studying when it's most convenient. Many online MBA students are professionals with years of business experience, and the global networking opportunities afforded online can prove to be invaluable.

Students typically receive lectures, questions, assignments, and other materials from instructors via email or through a website.

After reviewing materials offline, students then complete assignments and return them to their instructors to be graded. Most colleges and universities afford students access to online libraries and other similar services to find more information. Peer networking opportunities are also commonly available through chat rooms and message boards. Some online courses are conducted in a live chat format where students and professors are connected online in real time for discussions.

Funding for Online Business Education

Online MBA programs generally have the same financial aid opportunities as traditional campus programs, including federal, state, and institutional aid. A combination of loans, grants, and scholarships are often used to meet tuition costs. Since many MBA students have full-time jobs, employer tuition assistance is another option that is frequently offered by employers. It's a great resource that candidates should explore, as many companies will cover the entire cost of an MBA program.

Outlook

Employment candidates with an MBA degree are particularly attractive to corporate recruiters because of their ability to think analytically and strategically.

Other positive skills students in an MBA program gain include quantitative, oral communication, and leadership skills. Most colleges and universities have strong relationships with local businesses that open up many doors to employment possibilities. Online students generally have the same access to career services as campus students, and many leading online MBA programs have a national presence with business relationships in many cities.